Bitcoin and Crypto Winter | Bitcointalksearch.org

Abiky

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Quote from: Minecache on October 30, 2022, 05:29:34 PM

If what you say is true then bitcoin should have been up for a long time, not bitcoin that is falling and is likely to fall even more if inflation continues to rise. Yes, while inflation occurs, everyone wants to find something to fight inflation, but not everyone can do it when the prices of food, consumer goods...everything goes up 20-30% and people won't have enough to spend on a daily basis let alone invest to fight inflation. Maybe in the next crisis bitcoin will be the option but for now it is not the best option, when it also cannot avoid the effects of inflation.

It's not inflation, but rather rising interest rates from central banks worldwide. That's what's pressuring Bitcoin's price these days. Remember, Bitcoin was soaring towards new ATHs in price at a time where inflation was beginning to rise (2020). The Russo-Ukraine war and central banks' actions, have led us to this point where both stocks and crypto are having a hard time recovering in price. It's going to take quite a long time before the crypto winter comes to an end. Many have predicted 2024 to be a bullish year for crypto, so why not go ahead and buy some more BTC before this happens? Just my thoughts Grin

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Bitcoin is low right now and it’s hard to pin down the exact reasons. I have been following BTC during the Ukrainian invasion by Russia and BTC has been relatively stable.

The rest of the crypto market is looking pretty attractive because it’s more speculative to big firms and war time is not great for risk.

I have buying positions in and I’m following the news but right I’m holding my positions to see how things shake out with the ongoing war. We will make it though this 'crypto winter' if this is what we want to call it at the current time.

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to predict the lowest bitcoin price, it's very difficult especially since I'm still a beginner in bitcoin and crypto, but in my opinion the highest bitcoin price for the next bul run is 175000 dollars.

Noob or veteran it wouldnt really matter because no one really knows on what the future looks like.Its all random and pure speculation on whatever analysis been thrown out on the market.
For a market something like this then it would really be that normal that there's a crypto winter or bearish period where everything is on red.We cant really have a market that do continue
to rise up like forever since thats not how the market works nor behaves.This is why whenever you have decided on stepping your foot into this market then you should have
prepared yourself into these things.Its normal to be that emotionally affected but needing to control do really need on doing so.

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Quote from: wmaurik on November 02, 2022, 05:04:03 AM

Those who still think it's a kind of myth don't need to think about it because it's only about the way of thinking of each person and also the assumptions of each person, because they also have their own reasons when they consider it a myth. But I personally also don't think that the ATH pattern will occur in the same size, because the price of Bitcoin itself which is still often fluctuating in the market makes the price level and ATH very likely to be different every year and also in a cycle that is considered a myth by some people.

There is no denying that bitcoin does have a degree of volatility, which is why it can maintain value in the long term as well as the short term, with the accumulated amount of bitcoins available, although we cannot ignore the corrections that occur along the way
However, the achievement of the next ATH, is a step after a long correction takes place, the role of the four year cycle will be seen once this process is passed.

Quote from: wmaurik on November 02, 2022, 05:04:03 AM

Currently there are no signs of bulls and ATH on Bitcoin because logically the current Bitcoin price is still very far from the ATH that happened last year. But I believe that Bitcoin price will get a slight improvement this year which will be great for everyone too although maybe not good enough for those who bought at high prices last year.

This week bitcoin is back in the correction process where the current price has reached $ 20k, I predict for December bitcoin will experience a gradual correction, this is a good move to buy, but I don't think bitcoin will fall below that price.
For those who bought at high prices, maybe waiting for a recovery is the best way now, but for people who want to take part, now is the right time to enter the market.

wmaurik

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Quote from: lizarder on November 01, 2022, 01:23:34 PM

Even so, many people still regard this as a kind of myth, sometimes the four year cycle doesn't work out according to the previous price levels. For example, the achievement of ATH in 2021, people will think this pattern will experience the same thing in the next four years, although the price in the following year may be different from the previous year.

Those who still think it's a kind of myth don't need to think about it because it's only about the way of thinking of each person and also the assumptions of each person, because they also have their own reasons when they consider it a myth. But I personally also don't think that the ATH pattern will occur in the same size, because the price of Bitcoin itself which is still often fluctuating in the market makes the price level and ATH very likely to be different every year and also in a cycle that is considered a myth by some people.

Quote

If I'm not mistaken bitcoin broke its high price on 20-10-2021, this shows that bitcoin's strength can hold value far more perfectly than any other investment, although without ignoring the correction in bitcoin's journey. For now there is no sign of bitcoin going through its next ATH. What do you think?

Currently there are no signs of bulls and ATH on Bitcoin because logically the current Bitcoin price is still very far from the ATH that happened last year. But I believe that Bitcoin price will get a slight improvement this year which will be great for everyone too although maybe not good enough for those who bought at high prices last year.

lizarder

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Quote from: wmaurik on October 27, 2022, 12:15:55 PM

The fact that you stated is actually a success that has happened and exists in Bitcoin. So that one will also not be wrong if they have to believe in the cycle and it will also not be worse if they consider it a myth even though most people who have known Bitcin for a long time have seen it happen with Bitcoin. Personally I still believe in 4 year cycles like you said, but that could also change when there is an earlier pump going on in Bitcoin before cycle time.

Even so, many people still regard this as a kind of myth, sometimes the four year cycle doesn't work out according to the previous price levels. For example, the achievement of ATH in 2021, people will think this pattern will experience the same thing in the next four years, although the price in the following year may be different from the previous year.

If I'm not mistaken bitcoin broke its high price on 20-10-2021, this shows that bitcoin's strength can hold value far more perfectly than any other investment, although without ignoring the correction in bitcoin's journey. For now there is no sign of bitcoin going through its next ATH. What do you think?

wmaurik

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Quote from: 2stout on October 29, 2022, 11:39:24 PM

With all the inflation going on globally, I don't think increased demand is going to be a problem as people will research for an inflationary, anti-fiat solution and will be pointed into the direction of Bitcoin and choose on their own accord.

The problem is that not everyone can get directions to choose Bitcoin when fiat inflation is still going on, because there are still many people who don't know how Bitcoin will work in each year. Although it is generally clear that Bitcoin can be used as a solution to fighting inflation, those who are not familiar with Bitcoin will still feel inflation without thinking of a better solution. Because not everyone wants to direct other people to Bitcoin if the person being directed is not familiar with Bitcoin in general.

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Quote from: 2stout on October 29, 2022, 11:39:24 PM

Quote from: Minecache on October 29, 2022, 09:06:47 PM

snip

With all the inflation going on globally, I don't think increased demand is going to be a problem as people will research for an inflationary, anti-fiat solution and will be pointed into the direction of Bitcoin and choose on their own accord.

If what you say is true then bitcoin should have been up for a long time, not bitcoin that is falling and is likely to fall even more if inflation continues to rise. Yes, while inflation occurs, everyone wants to find something to fight inflation, but not everyone can do it when the prices of food, consumer goods...everything goes up 20-30% and people won't have enough to spend on a daily basis let alone invest to fight inflation. Maybe in the next crisis bitcoin will be the option but for now it is not the best option, when it also cannot avoid the effects of inflation.

2stout

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Quote from: Minecache on October 29, 2022, 09:06:47 PM

Quote from: Abiky on October 29, 2022, 08:05:30 PM

Quote from: wmaurik on October 28, 2022, 09:04:48 AM

Those who have been involved in Bitcoin for a long time will certainly believe in the four-year cycle, especially if they have experienced two cycles with different price levels for eight years, obviously they will not consider this a myth. But for those who don't believe in Bitcoin or who only know Bitcoin from other people's talk, then they will consider this a myth and will even laugh at those who believe in the four year cycle.

That's certainly true, mate. Newcomers into crypto or even haters don't think Bitcoin will go up after every halving since they truly don't understand how it works. But crypto veterans like myself know that BTC's price usually goes up after each halving cycle (especially one year after the halving takes place). If history repeats itself, it's possible Bitcoin will reach a new All-time-high in price by 2025. That is if the global economy isn't in a bad state like it is right now.

The crypto winter is usually painful if you sell crypto to make a living within the short-term. But if you're in it for the long haul, it shouldn't be a problem. I'm pretty sure BTC will hit $100k in the future due to the way it was designed (deflationary mechanism). Just be patient and you'll be able to see great results in the future. Just my opinion

The deflationary mechanism is only part of the bitcoin price going up, in order for bitcoin to continue to soar in the future, we also need increased demand for bitcoin. Without demand for bitcoin, deflation will not help bitcoin reach new ATHs.

Those who don't believe in bitcoin or newbies don't believe in 4-year cycle, but as long as bitcoin continues to rise after the halving then those people will start to believe and will invest more and more in bitcoin. Thereby driving bitcoin bigger and bigger, increased demand plus deflation will definitely make bitcoin price increase in the future, not just stopping at 100k USD.

With all the inflation going on globally, I don't think increased demand is going to be a problem as people will research for an inflationary, anti-fiat solution and will be pointed into the direction of Bitcoin and choose on their own accord.

Minecache

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Quote from: Abiky on October 29, 2022, 08:05:30 PM

Quote from: wmaurik on October 28, 2022, 09:04:48 AM

Those who have been involved in Bitcoin for a long time will certainly believe in the four-year cycle, especially if they have experienced two cycles with different price levels for eight years, obviously they will not consider this a myth. But for those who don't believe in Bitcoin or who only know Bitcoin from other people's talk, then they will consider this a myth and will even laugh at those who believe in the four year cycle.

That's certainly true, mate. Newcomers into crypto or even haters don't think Bitcoin will go up after every halving since they truly don't understand how it works. But crypto veterans like myself know that BTC's price usually goes up after each halving cycle (especially one year after the halving takes place). If history repeats itself, it's possible Bitcoin will reach a new All-time-high in price by 2025. That is if the global economy isn't in a bad state like it is right now.

The crypto winter is usually painful if you sell crypto to make a living within the short-term. But if you're in it for the long haul, it shouldn't be a problem. I'm pretty sure BTC will hit $100k in the future due to the way it was designed (deflationary mechanism). Just be patient and you'll be able to see great results in the future. Just my opinion

The deflationary mechanism is only part of the bitcoin price going up, in order for bitcoin to continue to soar in the future, we also need increased demand for bitcoin. Without demand for bitcoin, deflation will not help bitcoin reach new ATHs.

Those who don't believe in bitcoin or newbies don't believe in 4-year cycle, but as long as bitcoin continues to rise after the halving then those people will start to believe and will invest more and more in bitcoin. Thereby driving bitcoin bigger and bigger, increased demand plus deflation will definitely make bitcoin price increase in the future, not just stopping at 100k USD.

Abiky

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Quote from: wmaurik on October 28, 2022, 09:04:48 AM

Those who have been involved in Bitcoin for a long time will certainly believe in the four-year cycle, especially if they have experienced two cycles with different price levels for eight years, obviously they will not consider this a myth. But for those who don't believe in Bitcoin or who only know Bitcoin from other people's talk, then they will consider this a myth and will even laugh at those who believe in the four year cycle.

That's certainly true, mate. Newcomers into crypto or even haters don't think Bitcoin will go up after every halving since they truly don't understand how it works. But crypto veterans like myself know that BTC's price usually goes up after each halving cycle (especially one year after the halving takes place). If history repeats itself, it's possible Bitcoin will reach a new All-time-high in price by 2025. That is if the global economy isn't in a bad state like it is right now.

The crypto winter is usually painful if you sell crypto to make a living within the short-term. But if you're in it for the long haul, it shouldn't be a problem. I'm pretty sure BTC will hit $100k in the future due to the way it was designed (deflationary mechanism). Just be patient and you'll be able to see great results in the future. Just my opinion

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Quote from: Piesel on October 27, 2022, 05:52:39 PM

I don't speculate any evil days ahead since Bitcoin market is an unpredictable one, but then we must be prepared for whatever happens in the future, and since Bitcoin is a highly volatile asset it becomes unnecessary to predict what its future holds.

But then again I see a bright day she'd for both bitcoin and some other good altcoin.

Making predictions is necessary, because predictions will give a little picture of what will happen in the future. Although the prediction will not be 100% accurate, but at least you can know what to prepare. The point of technical analysis is to find out what will happen to market prices in the future. Everything has been calculated and the history of bitcoin repeating itself is a marker or a clue. History will not repeat itself exactly, but will be influenced by other developments. sunny days for bitcoin and some of the top altcoins will be pretty good in the future and don't be too skeptical about the unpredictable bitcoin market.

KaliLinux

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Quote from: Myleschetty on June 13, 2022, 12:12:56 PM

Quote from: Marvell1 on June 13, 2022, 11:50:20 AM

Where will bitcoin's final bottom level be during this bear season

No one can know the actual bottom price of the Bitcoin market but according to the historical price of BTC, it appears to always lost around 80%-95% of its ATH price when it total market correction.

Even as at the current market price, BTC has dropped about -73% from the last ATH and from what you are saying, If the market will follow the previous level of drop from their ATHs, dropping -80% will put BTC price at around $13k+ and a dip to -90% will mean that BTCitcoin will be trading around $6k+, I really don't see that happening.

Quote from: Myleschetty on June 13, 2022, 12:12:56 PM

In the next bullish season, it is certain that BTC will make the $100K price that was predicted for the previous bullish market.

This is also possible looking at how much the Bitcoins price have to rise from the bottom of $3k+ 2018 to the 2021 ATH of $69+, more than 2000% and from current trading BTC to $100k would be about +450%. Even if we still see a bit more dip in price, I believe next ATH would surpass $100k.

Learnoverse

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Crypto winter has not been over yet. We need to think that usually the floor after an ATH is around 365 and 395 days, it means, if in june we were touched the floor, this would become the earliest floor touched with 212 days... so probably we will see a next floor soon.

wmaurik

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Quote from: lizarder on October 28, 2022, 04:53:56 AM

Thus I quite understand your involvement in bitcoin, considering the four-year cycle has occurred and is experienced by us. The fact is theoretically, that the cycle is true, although sometimes it shifts from four years.
While people who think this is a myth also have a point, maybe the involvement in bitcoin hasn't reached that stage yet, or it could be that they refuse to accept bitcoin's reaction.
Therefore, regardless of whether people want to believe it or not, bitcoin history can be traced easily at this time, and with that we will also know the true bitcoin cycle.

Those who have been involved in Bitcoin for a long time will certainly believe in the four-year cycle, especially if they have experienced two cycles with different price levels for eight years, obviously they will not consider this a myth. But for those who don't believe in Bitcoin or who only know Bitcoin from other people's talk, then they will consider this a myth and will even laugh at those who believe in the four year cycle.

lizarder

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Quote from: wmaurik on October 27, 2022, 12:15:55 PM

The fact that you stated is actually a success that has happened and exists in Bitcoin. So that one will also not be wrong if they have to believe in the cycle and it will also not be worse if they consider it a myth even though most people who have known Bitcin for a long time have seen it happen with Bitcoin. Personally I still believe in 4 year cycles like you said, but that could also change when there is an earlier pump going on in Bitcoin before cycle time.

Thus I quite understand your involvement in bitcoin, considering the four-year cycle has occurred and is experienced by us. The fact is theoretically, that the cycle is true, although sometimes it shifts from four years.
While people who think this is a myth also have a point, maybe the involvement in bitcoin hasn't reached that stage yet, or it could be that they refuse to accept bitcoin's reaction.
Therefore, regardless of whether people want to believe it or not, bitcoin history can be traced easily at this time, and with that we will also know the true bitcoin cycle.

Piesel

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Quote from: dragonb on June 14, 2022, 11:19:29 AM

Today bitcoin is at its lowest level in 1.5 years - ohoh, bad times ahead if you ask me! Cheesy

No, kidding aside... I'm not worried about that. I think there will be a new all time high in a year.

I don't speculate any evil days ahead since Bitcoin market is an unpredictable one, but then we must be prepared for whatever happens in the future, and since Bitcoin is a highly volatile asset it becomes unnecessary to predict what its future holds.

But then again I see a bright day she'd for both bitcoin and some other good altcoin.

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Quote from: ?? on ??

first of all No one can predict the actual bottom price of the Bitcoin market. But an analysis of past history we can predict it could go around 80%. and the second thing is by analyzing the previous bullish market it could predicted that in the next bullish season, BTC will make the $100K price.

the table itself is showing that the price of btc is indeed increasing throughout the years. we may have experienced a lot of ups and downs, but looking at the big picture - the market price is increasing. from this market view, do you really think it is worth holding or buying btc even at today's price? in my opinion, it is!

wmaurik

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Quote from: lizarder on October 27, 2022, 10:26:38 AM

The bitcoin cycle can be interpreted once every 4 years undergoes a total change, although many people still consider this a myth, the cycle where bitcoin has a repeating pattern and reaches the next ATH, we can study this incident from 2017 to 2021.
This is a great time to buy bitcoin, given that if this cycle really worked, then we would be preparing to head to the moon.

The fact that you stated is actually a success that has happened and exists in Bitcoin. So that one will also not be wrong if they have to believe in the cycle and it will also not be worse if they consider it a myth even though most people who have known Bitcin for a long time have seen it happen with Bitcoin. Personally I still believe in 4 year cycles like you said, but that could also change when there is an earlier pump going on in Bitcoin before cycle time.

lizarder

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Quote from: AakZaki on June 14, 2022, 07:10:42 AM

just need to wait for the bullish season to occur. But for those who keep panicking they won't be able to think well. this is a good opportunity to add bitcoin assets, new ATH will be achieved again.

The bitcoin cycle can be interpreted once every 4 years undergoes a total change, although many people still consider this a myth, the cycle where bitcoin has a repeating pattern and reaches the next ATH, we can study this incident from 2017 to 2021.
This is a great time to buy bitcoin, given that if this cycle really worked, then we would be preparing to head to the moon.

Quote

We just have to wait and make good use of this crash market. Using spare capital to buy bitcoins. Buy incrementally or use the DCA strategy. ATH $100k is to be expected.

Very precise.
For retail traders, this condition can be used to make gradual purchases, reserve capital can be converted together to make purchases, the steps are carried out by maximizing existing capital and continuing to collect until bitcoin reaches the next ATH. Don't panic and don't worry, it's only a matter of time before bitcoin finds its rhythm, which is ATH $100k.

Abiky

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Quote from: Ale88 on June 24, 2022, 10:32:50 PM

There is nothing certain in life besides death and taxes, but if last time we managed to see bitcoin at almost $70k then it's very likely that we could see for the first time in history the 6-digit number. It'll be interesting to see if many people will sell just before the $100k, kind of what happened in 2017 with the $10 but then it kept pumping. That was very unexpected.

Bitcoin has always rebounded after a severe bear market. This time is no different than 2013 or 2018 where BTC went downhill in an instant. If you're smart, you'd buy Bitcoin at a discount before it goes back up again. I have a feeling BTC will never touch $20k again, just like it never touched $1k back then. Just wait until the next BTC halving and you'll see everything will be shining again. Who knows if buying and "hodling" BTC and some prominent alts will lead you towards untold riches in the future? Just my thoughts Grin

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Quote from: wxa7115 on June 25, 2022, 11:13:44 AM

Quote from: Ale88 on June 24, 2022, 10:32:50 PM

Quote from: Myleschetty on June 13, 2022, 12:12:56 PM

In the next bullish season, it is certain that BTC will make the $100K price that was predicted for the previous bullish market.

There is nothing certain in life besides death and taxes, but if last time we managed to see bitcoin at almost $70k then it's very likely that we could see for the first time in history the 6-digit number. It'll be interesting to see if many people will sell just before the $100k, kind of what happened in 2017 with the $10 but then it kept pumping. That was very unexpected.

We know that anything can happen in the markets but at the same time the odds of something actually happen change depending on how far the price is from the previous all time high, reaching the 100k level during the next bull run is a prediction that is within the range of what it is very possible to happen.

With that being said the bear market is not over yet, and as such we still need to keep holding our coins, as it would not matter if bitcoin reached that price if you happen to sell your bitcoin for a cheap price before that happens.

It's only time for bitcoin to hit $100k, and that could happen in the next bull market. But bitcoin is still at the $20k level. We don't know how long the price will start moving up. Before that happens, we can get ready and start buying at as many lows as possible so that we can get ready to sell when the price starts to rise.

Yes, the bear market is still not over, which means that our wait to see the bull market is yet to come. And if we can hold our bitcoins until the $100k comes, we will get a big profit if we can sell it at the $100k and above.

tam31

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Feeling down during this period is nothing shocking, there are tons of people who feel that way. However, if you can overcome that feeling, leave your emotions out the door, and just take the bullet and get in, then you will be happier later on. We had plenty of crypto winters in our time and we can definitely see this as a good chance, which will be quite difficult to go through, but not impossible. All we need to do right now is focus on the future, and ignore all the noise that comes right now.

There will be plenty of bad news about crypto and how bitcoin is dead etc etc type of stuff everywhere, but that doesn't mean that we can't make a profit later on, all those news are just there to get clicks and nothing more, focus on the real world and be hopeful about the future.

amishmanish

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People are saying crypto winter is arriving, but there must be a reason for this, . While the adoption of bitcoin is at all time high, the actual use of bitcoin is on rise. The value of bitcoin should have had actually risen. But its not happening. One possible reason of this fall is that current inflation and economic trends has made investors weary and risk averse. Secondly many countries are now releasing their own digital currencies, which are actually looking more safer to the risk averse customers. Thirdly the russian war and ban be many countries on crypto mining has pulled down the value of bitcoin.
However this is a temporary phenomenon. A lot of customers will return and we will see spring again.

kryptqnick

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Bitcoin fell lower than the mark set by the op because some time has passed, but it's indeed a great table that shows the seriousness of the drops and how bad it used to look. I think this should help people calm down, show them that in the past. $1k seemed at the top, and then the same happened with $20k. And both times it seemed Bitcoin would never reach its former might, while some people remained believers and were right.
No matter how low it gets, we'll get through it, Bitcoin will recover.

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Quote from: Ale88 on June 24, 2022, 10:32:50 PM

Quote from: Myleschetty on June 13, 2022, 12:12:56 PM

In the next bullish season, it is certain that BTC will make the $100K price that was predicted for the previous bullish market.

There is nothing certain in life besides death and taxes, but if last time we managed to see bitcoin at almost $70k then it's very likely that we could see for the first time in history the 6-digit number. It'll be interesting to see if many people will sell just before the $100k, kind of what happened in 2017 with the $10 but then it kept pumping. That was very unexpected.

We know that anything can happen in the markets but at the same time the odds of something actually happen change depending on how far the price is from the previous all time high, reaching the 100k level during the next bull run is a prediction that is within the range of what it is very possible to happen.

With that being said the bear market is not over yet, and as such we still need to keep holding our coins, as it would not matter if bitcoin reached that price if you happen to sell your bitcoin for a cheap price before that happens.

Dump3er

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Quote from: Marvell1 on June 13, 2022, 11:50:20 AM

Since its creation Bitcoin has experienced a total of 3 "bear seasons" and we are in season 4 right now.

The most recent bear season happened in 2018-2020, At the end of 2017, the Bitcoin craze was because by the panicking of the investors. In 2017 Bitcoin gained $20K value from $1K.Then it dumped of a sudden more than 80% and dropped the value near around $3k within Q4 of 2018, resulting in the total cryptocurrency market cap falling by more than 80%.

After the halving year 2020, we go through the highest bull season max x20.8 times increased, and we acquired the height value of around $67K within Q4 of 2021. Currently, bitcoin is trading at $23.44k.

Where will bitcoin's final bottom level be during this bear season and what will be bitcoin's new ATH level in the next bull season?

Your input will be greatly appreciated.

That is an interesting overview you provided there, thank you. I think in the back of my head I would have expected your table to look roughly like that, but I never put in the effort to crunch some numbers. It does remain to be seen how the overall market develops in the near and mid-term future, but the pattern makes sense. Certainly it was easy for Bitcoin to go absolutely parabolic during the years right after it was launched. Now it requires a lot more money to move it substantially towards a certain multiplier, but I feel confident it will happen again that we will see it reach a decent multiple very soon. Especially from where we are now I think there is a phase ahead of us where it is going to outperform any other asset class by far. For now the market is a bit shaky, but patience is key. Good graphic!

Ejarwan

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Personally, as long as it doesn't fall below $17,000, I'm calm, because if it breaks this point, the next stop is ≈ $5,000.
But in the long term, don't panic.

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Quote from: Myleschetty on June 13, 2022, 12:12:56 PM

In the next bullish season, it is certain that BTC will make the $100K price that was predicted for the previous bullish market.

There is nothing certain in life besides death and taxes, but if last time we managed to see bitcoin at almost $70k then it's very likely that we could see for the first time in history the 6-digit number. It'll be interesting to see if many people will sell just before the $100k, kind of what happened in 2017 with the $10 but then it kept pumping. That was very unexpected.

dansus021

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everyone talk about bitcoin crash and yes it is cold here as the crypto winter hit the market but the current winter is happen too traditional market aswell the stock crash commodity like oil and gas goes up but we can see the fact that bictoin is still at the good price when we compare year 2017

but i still hope that we can touch new ATH in this year

Trapezium

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This is the same as the crypto winters we experienced in 2018. And I won’t repeat my mistake by selling my bitcoin. I am going to hold them.

Abiky

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Quote from: ChiBitCTy on June 14, 2022, 07:24:00 AM

It’s just simply impossible to where we will end up after all of this bleeding stops. I’m not sure that any charts with support and what not will keep anyone from continuing to sell. When there’s blood in the markets people tend to panic sell regardless of technicals and fundamentals.

People are way too emotional so they will quickly sell their coins to avoid losing money further down the road. After all, they're only into crypto to make a quick buck. We may've entered the crypto winter, but that doesn't mean it's the end of the world. Smart people would buy BTC and prominent altcoins now to stock them up for the future. It's been shown from time to time that Bitcoin reaches a new All-time-high after every block reward halving.

Probably between 2023-2014, we'll see the crypto winter come to an end. I'm in no hurry to see a bull market as long as Bitcoin works as intended. Who knows if we become the next crypto millionaires within the not-so-distant future? Just my thoughts Grin

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Quote from: boyptc on June 14, 2022, 03:59:06 AM

When the bullish season comes back, you can compute on your mind how much it would be the top. Just as the past bull runs, take it as an example for the last one last year, it was 20x.

So, even if bitcoin goes by 10x or 5x during the next bull run and calculating it with the lowest for this bear market like the lowest could be $20k. That will be a solid 6 digits soon.

This is quite true, even 5x to 20k equals to 100k and that is a very very low calculation as well. I need to remind everyone that we started at 7k during 2020 and ended the peak at 68k that is nearly 10x and that is calculation from start to peak, if we calculate bottom to peak that is like 15x total when it happened.

This is why I believe that we are doing fine right now because as long as it stays above 10k, that would be a big profit for me when the next bull comes, and anyone who buys at around these prices would make a ton of profit when the time comes. This is why it is quite crucial to not get out of the market because of the fall or you will lose a lot when it starts to go up.

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Quote from: Marvell1 on June 13, 2022, 11:50:20 AM

Since its creation Bitcoin has experienced a total of 3 "bear seasons" and we are in season 4 right now.

The most recent bear season happened in 2018-2020, At the end of 2017, the Bitcoin craze was because by the panicking of the investors. In 2017 Bitcoin gained $20K value from $1K.Then it dumped of a sudden more than 80% and dropped the value near around $3k within Q4 of 2018, resulting in the total cryptocurrency market cap falling by more than 80%.

After the halving year 2020, we go through the highest bull season max x20.8 times increased, and we acquired the height value of around $67K within Q4 of 2021. Currently, bitcoin is trading at $23.44k.

Where will bitcoin's final bottom level be during this bear season and what will be bitcoin's new ATH level in the next bull season?

Your input will be greatly appreciated.

Whatever you say it crypto winter or bearish season, the market will always be unpredictable especially its topmost price and its bottom price. No one knows it that is why we always take advantage when there are dips happening as we don’t know eventually as how long the market will be able to recover. But for certain, bitcoin will never stay for long dumping, it will always surge and reach a new all time high.

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Quote from: Marvell1 on June 13, 2022, 11:50:20 AM

Since its creation Bitcoin has experienced a total of 3 "bear seasons" and we are in season 4 right now.

The most recent bear season happened in 2018-2020, At the end of 2017, the Bitcoin craze was because by the panicking of the investors. In 2017 Bitcoin gained $20K value from $1K.Then it dumped of a sudden more than 80% and dropped the value near around $3k within Q4 of 2018, resulting in the total cryptocurrency market cap falling by more than 80%.

After the halving year 2020, we go through the highest bull season max x20.8 times increased, and we acquired the height value of around $67K within Q4 of 2021. Currently, bitcoin is trading at $23.44k.

Where will bitcoin's final bottom level be during this bear season and what will be bitcoin's new ATH level in the next bull season?

Your input will be greatly appreciated.

We all know that bitcoin will drop its price more in the next couple of days but sadly, we can't predict correctly what will be its bottom price level and when will it happen. The reason why we need to do DCA this time so we can still maximize our purchase despite of its uncertain price drops. Because after this, bitcoin will gradually recovers just like what happened before. Bitcoin will boost its momentum and finally reach its new ATH.

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Quote from: Marvell1 on June 13, 2022, 11:50:20 AM

Since its creation Bitcoin has experienced a total of 3 "bear seasons" and we are in season 4 right now.

The most recent bear season happened in 2018-2020, At the end of 2017, the Bitcoin craze was because by the panicking of the investors. In 2017 Bitcoin gained $20K value from $1K.Then it dumped of a sudden more than 80% and dropped the value near around $3k within Q4 of 2018, resulting in the total cryptocurrency market cap falling by more than 80%.

After the halving year 2020, we go through the highest bull season max x20.8 times increased, and we acquired the height value of around $67K within Q4 of 2021. Currently, bitcoin is trading at $23.44k.

Where will bitcoin's final bottom level be during this bear season and what will be bitcoin's new ATH level in the next bull season?

Your input will be greatly appreciated.

The market is definitely bearish right now and bitcoin is struggling hard to sustain its price but most likely, it will fall further and may even drop below $15k. For some, its never good seeing how low the bitcoin price but for wise investors, its the best entry in the market. Buying bitcoin at a very affordable price is something that we all wanted to happen. Because for all we know, this will not take so long and eventually, maybe before this year ends or within the first quarter of 2023, bitcoin will bounce again and skyrocket.

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Quote from: mich on June 16, 2022, 02:33:46 AM

I don’t believe this is a ‘crypto winter’ but maybe that’s because I was expecting this type of crash. This kind of correction is very cyclical for Bitcoin. If you follow BTC on a long enough timeline you can see the patterns and it always rebounds.
I certainly don’t plan to sell any of my bitcoin. I see this correction as a setback and not a reflection of the utility of the technology. Bitcoin is here to stay but this correction is clearly a sign the global economy is in shambles.
How could the negative impacts of a recession not affect Bitcoins price? Just be patient and wait till the economy picks back up and I’m fairly confident the price of Bitcoin will rebound and then start reaching new highs.

Yeah, people who have been here long enough usually knows that it is not really that much of a big deal. I mean think about it, we are in a "crypto winter" that we already said. Anytime bitcoin price peaks above ATH and gets a new huge ATH, that usually means that we are going to end up with a big profit, and some people will take out their profit and the price would fall and crash. We always have a bull and then bear and then bull and then bear.

So, it is not really a shocking thing about the current climate, we should be used to it by now. So, when you expect it to be like this, it doesn't really take long for people to realize it will go down and we just do not assume anything bad is going on, only the expected.

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Quote from: mich on June 16, 2022, 02:33:46 AM

I don’t believe this is a ‘crypto winter’ but maybe that’s because I was expecting this type of crash. This kind of correction is very cyclical for Bitcoin. If you follow BTC on a long enough timeline you can see the patterns and it always rebounds.
I certainly don’t plan to sell any of my bitcoin. I see this correction as a setback and not a reflection of the utility of the technology. Bitcoin is here to stay but this correction is clearly a sign the global economy is in shambles.
How could the negative impacts of a recession not affect Bitcoins price? Just be patient and wait till the economy picks back up and I’m fairly confident the price of Bitcoin will rebound and then start reaching new highs.

I think that crypto winter is just another term for a bear run so even if you expect this or not, a bear run is still a bear run or for some it's called a crypto winter but it's nice that you already expected this to happen. It means that you already sold some of your btc's and other cryptos before or when the market is still in a great condition and then prepare some money for buying by the time this event occurs.

Yes, you shouldn't sell any of your bitcoins, alts and tokens right now because it feels not right. Bear run is supposed to be a time for accumulation and not for selling but the best time for selling is when the market is fully recovered or when the bull run takes place.

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I don’t believe this is a ‘crypto winter’ but maybe that’s because I was expecting this type of crash. This kind of correction is very cyclical for Bitcoin. If you follow BTC on a long enough timeline you can see the patterns and it always rebounds.
I certainly don’t plan to sell any of my bitcoin. I see this correction as a setback and not a reflection of the utility of the technology. Bitcoin is here to stay but this correction is clearly a sign the global economy is in shambles.
How could the negative impacts of a recession not affect Bitcoins price? Just be patient and wait till the economy picks back up and I’m fairly confident the price of Bitcoin will rebound and then start reaching new highs.

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Quote from: LoyceMobile on June 14, 2022, 11:28:14 AM

20.8x from the bottom seems small, I still think the last bull run didn't reach it's full potential. After all, there was never a sharp high peak. There's just too much going on with pandemic, war, energy, supply chains and inflation.

Aside from those reasons, i do believe that price couldnt hit up 100x - or more considering the value that we are talking which means marketcap would be really huge if ever we do move that way.

So its a bit understandable that high price will only be having lesser multiplier as we do go ahead.Even sitting on 60k price point, talking about 2x the value will really be needing that much
positive sentiments or news that would trigger out such increase.

But speaking with crashing percentage then it seems that it is really just bit the same or might even more lower. Cheesy

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Once this season is over, a bullish season will set in. This is our chance to buy a lot of bitcoins, especially if we have more money prepared for now. Bitcoin will reach the new ATH again and this time, the ATH will be very high and will likely exceed $100k because the support for bitcoin in the bull market will be enormous. Buying bitcoin in stages is a recommended strategy for beginners or people who have been in bitcoin for a long time.

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crypto winter is a term I have been hearing this term for quite some time. A thing goes to freezer only when it becomes useless. But crypto will never ever become useless. Its applications and utility will only rise with time. So this presumption fall flat on face that there will be a crypto winter. Crypto is the future and its happening right here

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In fact, bitcoin is to some extent the personification of the cryptocurrency market. I think that cryptocurrency rates are most often very dependent on the bitcoin rate.

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20.8x from the bottom seems small, I still think the last bull run didn't reach it's full potential. After all, there was never a sharp high peak. There's just too much going on with pandemic, war, energy, supply chains and inflation.

$crypto$

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Quote from: LittleBitFunny on June 14, 2022, 01:33:23 AM

My first buying order I placed at €20500 and today it filled, Grin

When you people are feeling winter I felt summer, my summer is starting from today and I will buy gradually if it drops one more time below 20K, Cool

I am waiting for the entry below it again, this $18k will definitely be hit as the lowest price I will wait a few days to pick up and add to my portfolio.
The panic must be eliminated, forget about the assets that were bought higher because bitcoin reaches 10x will definitely recover and happen but we have to see a big opportunity when the market has become a price floor.
Winter will not be pleasing to the eye when looking at the market.

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Today bitcoin is at its lowest level in 1.5 years - ohoh, bad times ahead if you ask me! Cheesy

No, kidding aside... I'm not worried about that. I think there will be a new all time high in a year.

Smartvirus

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Quote from: franky1 on June 13, 2022, 01:53:38 PM

right now its discount season.

What a way to go Franky, lol...
It's some real discount where the seller have little to argue about.

A true for bitcoin hodlers and those who claims to have a from believe in cryptos. Notably, a time to flush off some shitcoins that have been in the crypto space for too long.

If you ain't ready to sell, them precious Satoshi right now, then be ready to wait for over a year or two and have the value returned with some profits on it. Sincerely, it hurts to see it drop this much but with it comes the perfect buying opportunity and I hope people are taking there chances already. Don't wanna see no cry baby after the next halving!

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Quote from: Anonylz on June 14, 2022, 09:29:30 AM

Quote from: ChiBitCTy on June 14, 2022, 07:24:00 AM

It’s just simply impossible to where we will end up after all of this bleeding stops. I’m not sure that any charts with support and what not will keep anyone from continuing to sell. When there’s blood in the markets people tend to panic sell regardless of technicals and fundamentals.

And it amazes me how people are selling at this time, if people don't sell the market will not bleed.

imagine it this way instead..
(random numbers for demo)

imagine 10% of people acquired(bought/mined) below $5k/btc
imagine 10% of acquired below $10k
imagine 10% of acquired below $15k
imagine 10% of acquired below $20k
imagine 10% of acquired at $25k
imagine 50% of acquired above $30k

now imagine them first listed 40% that can profit below $20k sold..
that means after some of them sell.. there are then less than 40% that are still below $20k. because the buyers of that coin are now above $20k

meaning more than the 60% of holders are now above $20k. reinforcing a stronger support for $20k

(although i am part of the first 10% and have no intention to sell. there are less and less of us each period. meaning more support for numbers above us to prevent the price going down as much, the more times it goes up.

so let those that want to sell, sell. giving coin to new people that will hold at new higher levels than their predecessor had

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Quote from: LittleBitFunny on June 14, 2022, 01:33:23 AM

This morning Bitcoin first time broke 20K support, I'm waiting for exactly this moment.

It did not. The lowest point was a a brief wick to 20800s
Up to this date bitcoin never went below the old cycle's ATH after passing it to establish a new ATH.

Quote

I didn't buy when it dropped to 40K, I control myself hardly to buy when it dropped to 30K

My first buying order I placed at €20500 and today it filled, Grin

When you people are feeling winter I felt summer, my summer is starting from today and I will buy gradually if it drops one more time below 20K, Cool

Congratulations. You got lucky because without LUNA bankruptcy and later a glitch on Binance that made them stop withdrawals, we wouldn't be here and your order would still be waiting to get filled. Another proof that markets cannot be predicted and sometimes the unexpected happens.

This is also the first time in bitcoin's history that we went down so much without a relief rally. 12 weeks of constant downtrend and over 50% down from 47k with no pullback.

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Quote from: ChiBitCTy on June 14, 2022, 07:24:00 AM

It’s just simply impossible to where we will end up after all of this bleeding stops. I’m not sure that any charts with support and what not will keep anyone from continuing to sell. When there’s blood in the markets people tend to panic sell regardless of technicals and fundamentals.

And it amazes me how people are selling at this time, if people don't sell the market will not bleed. i thought it is period like this investors should look forward to buy btc at cheap price, or the intention is to send the price even lower to buy at a very low price.
When btc was hovering around 28/29k i thought it may not go below that price, i see the sell pressure is high, If only people will stop panic sell, but am sure they will also panic buy back when the time comes.

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It’s just simply impossible to where we will end up after all of this bleeding stops. I’m not sure that any charts with support and what not will keep anyone from continuing to sell. When there’s blood in the markets people tend to panic sell regardless of technicals and fundamentals.

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just need to wait for the bullish season to occur. But for those who keep panicking they won't be able to think well. this is a good opportunity to add bitcoin assets, new ATH will be achieved again. We just have to wait and make good use of this crash market. Using spare capital to buy bitcoins. Buy incrementally or use the DCA strategy. ATH $100k is to be expected.

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When the bullish season comes back, you can compute on your mind how much it would be the top. Just as the past bull runs, take it as an example for the last one last year, it was 20x.

So, even if bitcoin goes by 10x or 5x during the next bull run and calculating it with the lowest for this bear market like the lowest could be $20k. That will be a solid 6 digits soon.

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Quote from: Slow death on June 13, 2022, 12:36:45 PM

Today I couldn't believe it when I saw:

17% drop to get worse
-snip-

This morning Bitcoin first time broke 20K support, I'm waiting for exactly this moment.
I didn't buy when it dropped to 40K, I control myself hardly to buy when it dropped to 30K

My first buying order I placed at €20500 and today it filled, Grin

When you people are feeling winter I felt summer, my summer is starting from today and I will buy gradually if it drops one more time below 20K, Cool

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This is a wrong comparison because you are only comparing a small part of the market (ie. the drop part) not the other bigger parts which are the rise, accumulation and the bubble. If you compare those you can clearly see that each drop that is big (like >80%) is happening because the rise part leading to that drop was massive. And when I say massive I mean tens of thousands of percentage rise bubble (13000% for 2017). But we never had the same rise this time (2000% this time) which means expecting the same behavior (even if it happens) is unreasonable.

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Quote from: Slow death on June 13, 2022, 12:36:45 PM

Today I couldn't believe it when I saw:

17% drop to get worse I read the news:

1 - Binance suspends Bitcoin withdrawals — CZ says funds are ‘SAFU’

2 - Celsius exodus: $320M in crypto sent to FTX, user withdrawals paused

3 - Binance.US faces class-action lawsuit over LUNA and UST sale

4 - Binance.US faces class-action lawsuit over LUNA and UST sale

well, it seems to me that the issue is not a bear market, we are facing problems created by altcoins that are dragging bitcoin along to the hole

You're looking at it the wrong way, if you ask me.

Bitcoin's value and its rise in value was completely unaffected if you considered the real value not the additional altcoin value that was added to it.

Sure, the price of Bitcoin went skyrocketing thanks to altcoins way faster than it would have alone, by itself. But even if we lose every altcoin we are still left with crypto's (ironically) instrinsic value. Bitcoin.

So all we are seeing is a deflation of short term value. Long term, Bitcoin is still going up.

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Quote from: franky1 on June 13, 2022, 01:53:38 PM

bitcoin winter??
-snip
so i would say we are in spring right now. leading to summer.. right before the tourists (FOMO's) come in and pick the economy up again

I meant Crypto Winter,
yeah, spring for Bitcoin but almost all altcoins already broke and gone below 2017 ATH.

masulum

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hmph..

Quote from: Slow death on June 13, 2022, 12:36:45 PM

-snip-

well, it seems to me that the issue is not a bear market, we are facing problems created by altcoins that are dragging bitcoin along to the hole

The news shouldn't be able to make a FUD for bitcoin, because it's Binance problem, not bitcoin problems. After all, pausing withdrawals is only temporary to fix the system, should now be able to make withdrawals again. So, we can't say the crash today because of this case. Then the Celsius problem, this 9,000 BTC sale may have an effect on price movements, because if they sell all at once, there will be an instant price drop. but still, not strong FUD i think.

franky1

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bitcoin winter??

for every buyer is a seller and every seller is a buyer.. one persons winter is another persons summer

using retail analogy
right now its discount season. cheap coins for buyers because sellers are getting rid of their old cheap stock that they have been hanging onto for too long and want to get rid of it

in retail autumn/winter. its where prices are on the seasonal rise and people are in a mad rush to buy stuff right before the holidays.. (doesnt sound like bitcoins current situation)
retail winter is where you see the ATH
after that is the january/spring sales. where the prices come down and everyones looking for a discount

bitcoin prices are in the discount position for buyers.
retailers(seller) make their money in winter and get rid of their stock in spring. ..

so i would say we are in spring right now. leading to summer.. right before the tourists (FOMO's) come in and pick the economy up again

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Quote from: Slow death on June 13, 2022, 12:36:45 PM

well, it seems to me that the issue is not a bear market, we are facing problems created by altcoins that are dragging bitcoin along to the hole

Although those articles are bad, it's nothing we haven't seen before. During a bear market last time (before this one) there were multiple scams and ico lawsuits revealed monthly. And while back tracking stolen funds wasn't as effective, and working with police or regulators was pretty rare.

DaveF

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Something along the lines of if you can't stand the heat get out of the kitchen.
Every time the price drops you see the same posts here, time after time, cycle after cycle.
BTC is not going to zero. Nor is it going to be $250000 next month.

Crypto winter is just part of the cycle. Just like winter is part of the seasons. It will come around and then change to spring then summer and then fall and then back to winter again.....

-Dave

Hamza2424

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Its Summer Now here

Well Summer is too hot and market as well just chill out and keeping moving forward with all this because much we go through the Hardships much we Learn about our emotion and now i can say that i am On Moderate level of Mature Emotions.

Learn time to time move with time Dont care about Market Situation just Set your time value results will be positive.

Slow death

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Today I couldn't believe it when I saw:

17% drop to get worse I read the news:

1 - Binance suspends Bitcoin withdrawals — CZ says funds are ‘SAFU’

2 - Celsius exodus: $320M in crypto sent to FTX, user withdrawals paused

3 - Binance.US faces class-action lawsuit over LUNA and UST sale

4 - Binance.US faces class-action lawsuit over LUNA and UST sale

well, it seems to me that the issue is not a bear market, we are facing problems created by altcoins that are dragging bitcoin along to the hole

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Quote from: Marvell1 on June 13, 2022, 11:50:20 AM

Where will bitcoin's final bottom level be during this bear season

No one can know the actual bottom price of the Bitcoin market but according to the historical price of BTC, it appears to always lost around 80%-95% of its ATH price when it total market correction.

Quote from: Marvell1 on June 13, 2022, 11:50:20 AM

What will be bitcoin's new ATH level in the next bull season?

In the next bullish season, it is certain that BTC will make the $100K price that was predicted for the previous bullish market.

Marvell1

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Since its creation Bitcoin has experienced a total of 3 "bear seasons" and we are in season 4 right now.

The most recent bear season happened in 2018-2020, At the end of 2017, the Bitcoin craze was because by the panicking of the investors. In 2017 Bitcoin gained $20K value from $1K.Then it dumped of a sudden more than 80% and dropped the value near around $3k within Q4 of 2018, resulting in the total cryptocurrency market cap falling by more than 80%.

After the halving year 2020, we go through the highest bull season max x20.8 times increased, and we acquired the height value of around $67K within Q4 of 2021. Currently, bitcoin is trading at $23.44k.

Where will bitcoin's final bottom level be during this bear season and what will be bitcoin's new ATH level in the next bull season?

Your input will be greatly appreciated.

Topic: Bitcoin and Crypto Winter (Read 913 times)